Price Waterhouse Departs Trading Room Tech Biz
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Price Waterhouse L.L.P., whose securities industry consulting group began a trading room technology consulting service two years ago, is pulling out of the business of building trading floors. The service did less business than the firm had hoped for, and those engagements did not lead to business for its other services. After the decision to exit that business was made, Antonio Perrotta, a principal consultant who headed the trading floor technology initiative, took a post at J.P. Morgan & Co
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